Motherson Sumi shares down 2.14% as Nifty gains

Motherson Sumi shares down 2.14% as Nifty gains
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Synopsis

A total of 1,006,180 shares changed hands on the counter till 03:28PM (IST).

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India 10-year bond yield jumped 0.38 per cent to 6.03 after trading in 6.01 - 6.04 range.
NEW DELHI: Shares of Systems Ltd. traded 2.14 per cent down in Tuesday's trade at 03:28PM (IST). Around 1,006,180 shares changed hands on the counter.

The scrip opened at Rs 179.7 and touched an intraday high and low of Rs 180.0 and Rs 174.85, respectively, in the session so far. The stock of Motherson Sumi Systems Ltd. quoted a 52-week high of Rs 273.0 and a 52-week low of Rs 143.35.

Total market cap of the Motherson Sumi Systems Ltd. stood at Rs 55579.64 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 14163.53 crore for the quarter ended 30-Sep-2021, down 13.17 per cent from previous quarter's Rs 16312.13 crore and down 5.66 per cent from the year-ago quarter's Rs 15012.49 crore.

The net profit for latest quarter stood at Rs 216.86 crore, down 35.76 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2021, DIIs held 10.71 per cent stake in the company, while foreign institutional investors held 16.43 per cent and the promoters 61.73 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 27.54 and a price-to-book ratio of 5.07. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Motherson Sumi Systems Ltd. belongs to the Auto Ancl - Electrical industry.

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